USDCHF 1H ChartTuesday, 27 August 2013 at 5:42:00PM AEST
USDCHF spiked down to 0.9181 but decline from 0.9289 is still looking...

USDCHF spiked down to 0.9181 but decline from 0.9289 is still looking corrective, now a)-triangle b)-c) move that still suggests higher prices while pair trades above 0.9145 low from Aug 20. A decisive push through the upper trend-line of a corrective channel will be nice indication for continuation higher, back to 0.9290.

4Hour

No change!
USDCHF has reached new low last week but then reversed impulsively from it which could be start of some larger and important turning point. Notice that we are tracking a corrective decline from 0.9750 which is actually part of a much bigger contra-trend move on a daily chart where we are tracking triangle within larger uptrend. As such, we are ready on a larger bullish period on USDCHF, but would have to see further strenght from current market price and through the upper falling channel line, as well as 0.9394 level to make sure that lows are in. The reading on the RSI is also interesting, where prices reversed from its own trend-line and suggest higher reading as we move forward.